NYSE:GVA - Granite Construction Stock Price, Forecast & News

Granite Construction trades on the New York Stock Exchange (NYSE) under the ticker symbol "GVA."

Granite Construction declared a quarterly dividend on Friday, December 6th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.13 per share on Wednesday, January 15th. This represents a $0.52 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date is Monday, December 30th. View Granite Construction's Dividend History.

Granite Construction Inc. (NYSE:GVA) announced its quarterly earnings results on Friday, October, 25th. The construction company reported $0.43 EPS for the quarter, missing analysts' consensus estimates of $1.41 by $0.98. The construction company earned $1.09 billion during the quarter, compared to analysts' expectations of $1.15 billion. Granite Construction had a negative net margin of 3.11% and a negative return on equity of 4.63%. The company's revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.43 earnings per share. View Granite Construction's Earnings History.

Granite Construction is scheduled to release their next quarterly earnings announcement on Wednesday, February 19th 2020. View Earnings Estimates for Granite Construction.

4 analysts have issued 1 year price targets for Granite Construction's shares. Their forecasts range from $26.00 to $61.00. On average, they expect Granite Construction's stock price to reach $39.50 in the next twelve months. This suggests a possible upside of 40.3% from the stock's current price. View Analyst Price Targets for Granite Construction.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Granite Construction in the last year. There are currently 1 sell rating, 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Granite Construction.

News coverage about GVA stock has trended somewhat negative recently, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Granite Construction earned a news sentiment score of -1.8 on InfoTrie's scale. They also gave news stories about the construction company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Granite Construction.

Granite Construction saw a drop in short interest during the month of January. As of January 31st, there was short interest totalling 7,190,000 shares, a drop of 8.3% from the January 15th total of 7,840,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the short-interest ratio is presently 6.6 days. Approximately 15.5% of the shares of the stock are sold short. View Granite Construction's Current Options Chain.

Some companies that are related to Granite Construction include Jacobs Engineering Group (JEC), Aecom (ACM), Quanta Services (PWR), Emcor Group (EME), MasTec (MTZ), KBR (KBR), Fluor Co. (NEW) (FLR), Comfort Systems USA (FIX), Dycom Industries (DY), Primoris Services (PRIM), Ameresco (AMRC), Argan (AGX), Aegion (AEGN), Great Lakes Dredge & Dock (GLDD) and Tutor Perini (TPC).

Based on aggregate information from My MarketBeat watchlists, some companies that other Granite Construction investors own include U.S. Silica (SLCA), Applied Materials (AMAT), Alibaba Group (BABA), AT&T (T), JD.Com (JD), Enterprise Products Partners (EPD), Ford Motor (F), Hain Celestial Group (HAIN), TENCENT HOLDING/ADR (TCEHY) and Spirit Airlines (SAVE).

Granite Construction's stock is owned by a number of of retail and institutional investors. Top institutional investors include FMR LLC (12.03%), Capital Research Global Investors (4.85%), State Street Corp (3.04%), Goldman Sachs Group Inc. (2.56%), Franklin Resources Inc. (2.52%) and Bank of New York Mellon Corp (2.30%). Company insiders that own Granite Construction stock include Claes Bjork, David H Kelsey, Desai Jigisha, James Hildebrand Roberts, Kristen O Jesulaitis, Kyle T Larkin and Patricia D Galloway. View Institutional Ownership Trends for Granite Construction.

GVA stock was sold by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Victory Capital Management Inc., Russell Investments Group Ltd., Thrivent Financial for Lutherans, John G Ullman & Associates Inc., Amundi Pioneer Asset Management Inc., American International Group Inc. and Morgan Dempsey Capital Management LLC. View Insider Buying and Selling for Granite Construction.

GVA stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Capital Research Global Investors, Bank of Montreal Can, Bank of America Corp DE, Goldman Sachs Group Inc., Principal Financial Group Inc., Franklin Resources Inc. and Jane Street Group LLC. Company insiders that have bought Granite Construction stock in the last two years include Claes Bjork, David H Kelsey, Desai Jigisha, James Hildebrand Roberts, Kristen O Jesulaitis, Kyle T Larkin and Patricia D Galloway. View Insider Buying and Selling for Granite Construction.

Shares of GVA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of GVA stock can currently be purchased for approximately $28.15.

Granite Construction has a market capitalization of $1.32 billion and generates $3.32 billion in revenue each year. The construction company earns $42.41 million in net income (profit) each year or $2.34 on an earnings per share basis. Granite Construction employs 5,700 workers across the globe.View Additional Information About Granite Construction.

The official website for Granite Construction is http://www.graniteconstruction.com/.

Granite Construction's mailing address is 585 WEST BEACH ST, WATSONVILLE CA, 95076. The construction company can be reached via phone at 831-724-1011 or via email at [email protected]